USAMNFaribaultCity/faribault118 1St Ave Ne

118 1St Ave Ne, Faribault, MN

Name: 118 1St Ave Ne, For Sale in Faribault - eXp Realty
Brand: RE/MAX Experts
SKU: 7071760
Price: 850000 USD

House

For Sale

Listed price in listed location currency (USD).

$850,000

000

MLS® 7071760

Key Facts
Description
Map

Key Facts

Type Business

Levels Commercial Sale

Size -

Garage

Taxes $12,862

Days Active 0

Lot Size

Approx. Age 1900

MLS® Number 7071760

Property Address: 118 1st Ave Ne, Faribault, MN, 55021-5225

Average square foot calculated using Size range provided by listing agent.

Description

DOWNTOWN FARIBAULT OFFICE BUILDING — Income Today, Positioned for Tomorrow. Faribault is having a moment. This building has a front-row seat. Step into one of Southern Minnesota's smartest investment opportunities — a high-visibility office building in historic downtown Faribault, just 35 minutes south of the Twin Cities on I-35. A standout in every sense — doing exactly what a strong asset should: holding quality tenants and generating reliable income. In 2015, a significant capital investment went into a top-to-bottom transformation — and it shows. The result is a building that presents with pride: warm brick, signature red awnings, generous windows, and a professionally finished interior that tenants are proud to work in. This wasn't tinkering. This was a reinvention. The investment didn't stop there — recent electrical updates and additional commercial improvements tell the story of a building well cared for. Nine leased suites, tenants who keep renewing, and one available suite — the occupancy picture is strong. Everything you'd expect is here — shared conference and reception areas, front ramp entry, off-street parking, and prominent pole signage. Step outside, take a stroll, and discover a downtown that looks like a Hallmark card — beloved restaurants, boutiques, and the Paradise Center for the Arts all within walking distance. And right across the street is the city's newest gathering space, Viaduct Park — an all-season recreation destination with a splash pad, fire pit, and indoor gathering areas. The city calls it "Spaces of Real Joy, " and it shows. It's the kind of civic investment that signals a community betting on itself. This is a town where people still know your name, shop local by choice, and show up for their community. This building is your seat at that table. Whether you're an investor seeking reliable returns, an entrepreneur with a bold vision for the space, or both — this is a rare chance to plant roots in a town on the rise. The renovation is done. The tenants are in. The income is flowing. Rare is an overused word in real estate. This time it applies.

MLS® Number7071760

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1900

BasementNone

DrivewayGuest Parking, Other, Parking Lot, Paved Lot, Open

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

May 12, 2026List Date

$850,000List Price

Commute

Commute

Starting Address

Destination Address

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